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18/10/2011 11:02 pm
As being a former poster on the site I now turn to you all for advice not for me bout a friend. My friend refuses to swallow whatever pride he has left to make a post so I thought I would be a mate and do it for him. My friend buried his head in the sand when he hit financial difficulty last year. He got himself into trouble with debt and struggled till last week when he eventually lost his house. He had the dream of making it all better but lost. Now I decided to take him in as all but everyone turned their back. He has lost the lot and doesnt know where to turn. He had a mortgage and a couple of bank loans. I trying to help but dont know what the proper road to go down, trust deed or bankruptcy. Any help would be great. Phone numbers web sites etc. cheers. sorry for being so long winded
18/10/2011 11:20 pm
Hello again richard79.
It sounds as though you're being a really good friend.
Do you think your friend is ready to confront the financial aspects of this situation and accept help? For a lot of people there can be a gap between the shock of things going wrong and the point at which they are ready to take a positive step forwards again.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
19/10/2011 8:30 am
Has your friend accepted his situation? If he hasn't then he'll keep trying to see quick ways to make some money to pay his debts. It's maybe worth asking him to contact the Citizens Advice. That way, someone who doesn't know him will tell him what his options are. Then you don't seem like a pushy friend (you're not, you're an absolute star for being there to help him). He probably feels totally ashamed and embarressed. Maybe by sticking his head in the sand, he feels he can function as normal.
The other concern is that, given the position he's in and that your house will be his postal address, what impact will this have on your financial position. You worked hard to get through your trust deed and to get things back together again. Hopefully, you helping him by having him stay with you won't negatively affect that.
Anyway, you should be proud of what you're doing. You sound like a great friend.
Nothing left to discharge - everything's done and dusted!
